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2015 Senate Bill 659: Revise foster care trust fund detail

Public Act 139 of 2016

Introduced by Sen. Peter MacGregor (R) on December 10, 2015
To revise management of a state "Foster Care Trust Fund" used to subsidize public or nonprofit programs intended to benefit children in foster care, by allowing the fund’s assets to be invested in the same way as government pension funds.   Official Text and Analysis.
Referred to the Senate Families, Seniors & Human Services Committee on December 10, 2015
Reported in the Senate on January 26, 2016
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on January 28, 2016
Referred to the House Financial Services Committee on January 28, 2016
Reported in the House on May 4, 2016
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on May 25, 2016